Cubic Energy, Inc. Bankruptcy New Filing Alert: Motion For Authority To Pay Claims Of Vendors

On December 11, 2015, a motion for authority to pay claims of vendors was filed in the bankruptcy case of Cubic Energy, Inc. and its affiliates.

The filing was assigned docket number 7 and is described on the court’s official docket as follows:

Motion to Authorize Debtors for an Order (I) Authorizing Them to Pay Prepetition and Postpetition Obligations on Account of Joint Interest Billings, Royalties, Overriding Royalty Interests, Pipeline Costs, and Severance Taxes (II) Authorizing Banks to Honor and Process Related Checks and Electronic Transfers; and (III) Waiving Applicable Stays to Allow for Immediate Relief Filed by Cubic Energy, Inc.. (Attachments: # 1 Proposed Form of Order) (Alberto, Justin) (Entered: 12/11/2015)

Cubic Energy, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 11, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 15-12500. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of Holland & Knight LLP is acting as lead bankruptcy counsel to Cubic Energy, Inc. in the bankruptcy case.


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